Germany is preparing to tighten banking regulations so taxpayers don't foot the bill for future bank crises. It's not the only European country planning new laws against reckless bankers.
The British government has sold a 7.7-percent stake in Royal Bank of Scotland. Taxpayers, who bailed out the lender in the depths of the financial crisis, incurred a huge paper loss of more than two billion pounds.
The US House has voted to roll back regulations imposed by the Dodd-Frank Act. The new law loosens capital requirements for both major and smaller banks. It marks another marquee pro-business triumph for Donald Trump.
Boris Becker's lawyers said his role as the Central African Republic's sports attache to the EU protects him from legal proceedings. Becker was declared bankrupt in June 2017 over an alleged debt to a British bank.
Economist Steve Keen specializes in researching how private and public debt mountains arise and generate financial crises. In an interview with DW, he explains how the ECB could solve the problem — but probably won't.
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